Insurance Reinsurance Clerk Salary in Denver, Colorado

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Average Salary for Insurance Reinsurance Clerk in Denver, Colorado

The average salary of a(n) Insurance Reinsurance Clerk in Denver, Colorado is $41,101.

The average hourly rate of a(n) Insurance Reinsurance Clerk in Denver, Colorado is $19.76.

The average bonus of a(n) Insurance Reinsurance Clerk in Denver, Colorado is $637.00.

Job Description:

Prepares reinsurance applications and contracts and ascertains reinsurance liability, working for either prime insurer or reinsurer, and performs other complex clerical and administrative support activities involving insurance and reinsurance contracts. Ascertains the amount of risk on each item that needs to be reinsured by other insurers or ascertains the amount of risk on each item the company is willing to reinsure from prime insurer. Picks reinsurers who may accept part of ceded liability. Accepts reinsurers and their liability for cash values and dividends. Prepares applications. Determines the amount of each premium due. Prepares abstract for contracts. Receives reinsurance application from prime insurer. Determines amount of insurance already held on risk from company records and calculates reinsurance that company can accept, based on limit of liability. Prepares notice of acceptance or rejection, based on limit of liability and action of underwriter. Verifies computations made by prime insurer. Less

Prepares reinsurance applications and contracts and ascertains reinsurance liability, working for either prime insurer or reinsurer, and performs other complex clerical and administrative support activities involving insurance and reinsurance contracts. Ascertains the amount of risk on each item that needs... More

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